Arab Monetary Fund

Arab Monetary Fund (AMF)
Emblem
Map of northern Africa and the Middle East indicating members of the Arab League.
HeadquartersUnited Arab Emirates Abu Dhabi, UAE
Official
languages		 Arabic
Type
Members[1]
Leaders
 •  Director-General
(Chairman)		 Jassim Al Mannai
Establishment
 •  Agreement 27 April 1976 

The Arab Monetary Fund (AMF) is a regional Arab organization, founded 1976, and operational from 1977. It is a working sub-organization of the Arab League.

Objectives

The Arab Monetary Fund's main objectives are to correct and balance the payment of its member states, remove payment restrictions between members, improve Arab monetary cooperation, encourage the development of Arab financial markets (paving the way for a unified Arab currency), and to facilitate and promote trade between member states.

Location and members

The AMF's headquarters are in the city of Abu Dhabi, the capital of the United Arab Emirates.

Member countries (22) are:

Organization structure

The principal organs of the AMF are the Board of Governors, the Board of Executive Directors, and the Director-General. In the Board of Governors (General Assembly) each member state is represented by a Governor and a Deputy Governor. The Board of Executive Directors, composed of eight directors of renewable three-year terms, is chaired by the Director-General, who is appointed to the board for a renewable five-year term and also holds the position of Managing Director of the AMF.[2] The organization distributes its work through various offices (IA), departments, committees, and divisions

See also

References

  1. ↑ "Objectives and means". Arab Monetary Fund. Archived from the original on 11 September 2010. Retrieved 2010-08-11.
  2. ↑ Pierre van den Boogaerde, "Financial assistance from Arab countries and Arab regional institutions" (International Monetary Fund, 1991)

External links

This article is issued from Wikipedia - version of the Thursday, May 01, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.